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20121205
20121213
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CSPAN 7
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Search Results 0 to 22 of about 23 (some duplicates have been removed)
of this and negotiate on the debt ceiling. two questions, one, will any agreement come out for the fiscal cliff leave the debt ceiling unresolved, and, two, what would you even negotiate on the debt ceiling, should that be something that republicans force your hand on? are you with the president who says we need to kick them of that habit and never negotiate on raising the debt ceiling again? >> i think the president is right. the debt ceiling ought not to be a negotiable item. i don't know of anyone who agrees not putting america's credit worthiness at risk, saying to the world that america has incurred debt but is not going to pay them, is an alternative. i don't think that's -- i think senator mcconnell doesn't believe that, senator reid doesn't believe it, congresswoman pelosi doesn't agree, i don't agree, the majority leader doesn't agree with that. this ought not to be an item of negotiations or a leverage item, as i would hope speaker boehner would take that off the table as some sort of leverage item. what the president has suggested, take senator mcconnell's suggestion. the president would s
? >> on the fiscal cliff or the debt ceiling? >> on the debt ceiling. >> i was very interested by your reporting. that you took a really strong position there. i do think the white house has been transformed. both by the experience with the debt ceiling and with the election. i think if they want to stand their ground, i think they can actually do it. i think that that is, in fact, possible. can they? you know, we'll see. they seem a lot tougher now than they were last time around. don't you think? >> they sound very tough now. chrystia freeland of thomson, and author of "the plutocrats." >>> i promised, red lobster, olive garden, timely for both, and i will deliver. that is ahead. ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter
: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laura is in louisville, kentucky, on the independent line. caller: good morning. what bothers me is when people say they actually can not find work and they have been on unemployment for 20 months, whatever they can get, and i will tell you
tax. host: how would you compare the current talks to july 2011 and the debt limit, fiscal cliff, sequestration -- guest: the debt limit talks definitely set the stage for this. they were not completely without value. i get the sense it is a lot more serious now. it has almost been like a year- and-a-half long negotiation. with the real deadline being the expiration of the bush tax cuts at the end of this year. to some extent, now they're getting to the real deadline and it is more serious. host: have you written one of the, if we go over the cliff, this is what happens-type article? guest: yes. people would probably start feeling it in their paychecks pretty quickly. never mind what it means to the broader economy. it will hit. it will hurt a lot of people. if we did not change the law and it went one month, two months, three months, it could lead to another recession because there be such a sharp drop in people's incomes and it would be spending less. that would not be good for businesses. i do not think that is quite to happen. -- going to happen. host: caller, last word with
-term debt crisis, the so-called fiscal cliff, and i hope that we will, the debt in the years to come will increasingly dominate the budget. it will pressure defense and a in a serious way. so without addressing the long-term tenure solution as the animal outline, the defense budget is going to be under increasing pressure. that is inevitable and the interest rates have not even started going up, which is also inevitable at some point. the third one a month make is that the problems within the internal defense budget and the dynamics of this budget also make the problem more difficult and more complicated. it also requires a longer term to address some of these calls. first of all, the rising health care costs, and retirement costs and fuel inefficiency. each of those has their own complexities, but all are important. so the budget is going to have to be addressed, even if the topline is the one that is a rational topline. in other words, we have entitlements within the defense budget now which are comparable to the entitlements and all the snow we have to deal with outside the defens
, the fiscal cliff is nothing compared to what's going to happen if we don't defuse the debt bomb. >> host: and you write in "the debt bomb" our entire the dashed our target depends on people buying our debt. when that stops, the party is over. what would you like to see done with the so-called fiscal cliff? should we let it occur? she would let the sequestration happen? >> guest: no. looked, sequestration is a career politician's answer to not be responsible about what happens. if you could everything across the board it's not your fault that the good program got cut. and it's not your fault that the good, bad program got cut. what it means is washington runs around all the time can't figure out how to not make a decision so won't affect them. that's what sequestration is all about. it is crazy to cut could programs the same as bad programs. one o of the customized that he said it's come like your wife told you to go out and we do flower garden, and you take a lot more and cut everything. well, that's what it is. what it tells you is how incompetent congress is today. why would we continu
that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are underestimating how severe that will be because confidence is very weak. it is unclear how the reserve would response to this. we need to scale back from the cliff. at the very minimum, the cliff needs to be scaled back so it is only a hit to gdp at 1.5 percentage points at most. if you have more of a drive than that, it it becomes it. the economy will weaken. the budget deduction will deteriorate. we are seeing a fiscal drag in europe. i would ar
different issues. the president is address the fiscal cliff, we're dealing with the debt and deficit. this is not about getting through this next month, this is about trying to solve the issues that we face as a nation today and that is the debt and deficit that we face. the president is very fond of talk about the math. let me give you a few things dealing with the math. 2012 will be the third highest revenue receipt into the united states government ever in the history of our nation. the third highest revenue ever received in the hithsroif the united states is coming in in 2012. in this down economy, as paychecks are smaller, federal revenue continues to increase. the president is very focused on trying to get the clinton tax rates but he ignores the clinton level of spending. what we've got to address is a trillion dollar deficit here. if wrp back at the clinton level of spending this would solve the issue that we're dealing with today. so we've got to find a way to address the real driver and real issue that we're facing, that is the spending. until we address that, it's not goin
the president can permit the economy to fall over the fiscal cliff, or curb, whatever you want to call it, he can't allow us to default on our debt. that would, like, destroy the economy. that gives republicans a stronger hand or so they think. but really, think about that. here's how it would go. later this month, republicans would, by voting present, which everyone would think was a bit weird, permit the bush tax cuts to expire for income over $250,000. that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering
to this debt crisis, the so-called fiscal cliff, could bring about the sequestration that is the slicing of the military right in half. that would be a disaster in many respects. across the world people would see we can't handle our own country well, our own defense well. people across the world would see us failing to fulfill the duty of the constitution to provide for the national defense that's up to congress to do that. but after we get this done -- and let's hope that it does come to pass -- a second challenge is out there, and that's the challenge to glue together a strategy that will keep this country safe and secure. back in the 1947 era george key man sent what's known as the long telegram from moscow to the white house spelling out the rise of the soviet union and its intentions. president truman, my fellow missourian, and his staff glued together the containment strategy which stayed in effect through admiral -- excuse me, through general eisenhower's presidency and later until, as you know, the wall in berlin came tumbling down, and the soviet union imploded on itself. the st
cliff and we shouldn't be having this debt ceiling every nine months that does not contribute to market stability. if we're going to have a $4 trillion deal we need certainty in the taxes and the entitlement spending side. both of those things need to happen. markets need to be able to look at it and say it is for certain. when we do look at federal health spending i would like to see a short-term and long-term approach here. on the short-term side of this, there is only one way to get this thing done, it seems to me by december 31 and have any kind of market credibility to it. it needs to be hard and fast so people can look at it, i can calculate it and be sure it is there. if it is raising the eligibility age. i think all of those should be discussed. this is not just a decade issue, this is a second and third decade issue. all of those things ought to be implied. echoing comments that a number of folks have made, there needs to a long-term approach here. just like we were talking about on taxes we need to do something that is going to create a better system over time. we need to do t
. it is a very real possibility that the country will head over the fiscal cliff. some lawmakers say that's not such a bad option. wedged also see a partial deal which would put off much of the negotiations until next year when congress tackles the debt ceiling. more than bill press coming up after the break when we are live in our chat room current.com/billpress. see you there. my masters degree was done completely online and that gave me the freedom and ability to do my education while i raised my kids and worked full time. raising my kids as a single mom and having them see me get my education online and work full-time has given them the opportunity to see that they can do anything that they want to. i'm currently the hospital administrator for two public hospitals. we serve patients who might not otherwise get care. i teach an online nursing program. i feel that i'm giving back something to the nurses that are attempting to get their bachelors degree like i did. doing online education is something that i suggest to many, many people. [ male announcer ] you like who y
campaign for re-election, the president called for a balanced approach to solve the fiscal cliff crisis. unfortunately, the plan his administration submitted to congress does not include the spending cuts necessary to address our nation's $16 trillion national debt. according to the senate budget committee ranking member, jeff sessions, staff calculation of data from the congressional budget office and the office of management and budget, the president's plan suggests that roughly 75% of $1.2 trillion in new revenue be directed to new spending instead of deficit reduction. the fiscal cliff must be averted to protect our economy for future generations. yesterday, house speaker john boehner asked the president to identify specific cuts he's willing to make for a balanced approach. i hope the president will take immediate action so progress can be made for a bipartisan solution. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. the speaker pro tempore: the time of the gentleman has expired. the chair recognizes the gentleman from new
the arrangement created between the white house and congress during this fiscal dilemma where we raise the debt ceiling by one dollar or every dollar in cuts that are made, i think that's an appropriate arrangement for us until we get through this fiscal cliff issue. again, what i'd rather see happen is that we just deal with that all right now and we start off next year with people know that's done. since it looks like every day that goes by it looks like it's increasingly unlikely that that's going to happen, i wanted to offer a proposal today for the leadership of the senate and that is since it looks like the debt ceiling could be coming up early next year, as a matter of fact, it may coincide very closely with the continuing resolution so there's two, if you will, moments in time where we've got to make big decisions here for our country, i would offer that we go ahead and begin the process of the debt ceiling and i would make the proposal that the first roughly $1 trillion, $900 billion to $1 trillion in raises in the debt ceiling are accompanied by $900 billion to $1 trillion in cuts in
,000. if republicans do not agree, is the administration prepared to go over the fiscal cliff? >> absolutely. >> there's no agreement that doesn't involve the rates going up on the top wealthy 2%. >> republicans clinging to what little leverage they have to maximize cuts zeroed in on the debt ceiling hoping for a repeat of the 2011 showdown where house republicans were able to extract $2 trillion in cuts. $1 trillion cut from domestic programs in ten years and $1.2 trillion in cuts through a sequester. wednesday, president obama seemed to set another red line, a business round table who warned against the repeat of last year's debacle. >> i want to send a clear message. we are not going to play the game next year. if congress suggests they are going to tie negotiations to debt ceiling votes and take us to the brink of default, once again, as part of a budget negotiation, which by the way, we have never done in our history until we did it last year, i will not play that game. because we have to break that habit before it starts. >> so, "the washington post" made a point friday saying you have two track
's not what the american people thought the fiscal cliff was about. they thought it was about trying to have something to force us, force our congress and our president to do something about the deficit and debt situation. everything they're talking about will make it worse. >> what's the answer? will we have the deal? >> the real answer is to have comprehensive. look at this. i as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. we have to control defense spending. we have to control other no non- -- other discretionary non-defense spending. i think if you have the whole package, i would hold my nose despite the fact raising those two tax brackets is bad economics, bad for jobs, will hurt the economy, i would hold my nose to get the other done. what i wouldn't do is vote for that and do nothing else. >> agree completely. what i've been saying here. steve rattner. >> i agree completely. to get a big deal we all have to hold our nose a little bit and accept things we don't want
's desk is the quickest and most sensible way out of this crisis. avoiding the fiscal cliff is no excuse for republicans to replace this artificial crisis with another one. congress should pass the proposal to end periodic standoffs over the debt ceiling. this plan would give president obama the authority to avoid default over the nation's bills. democrats are ready to vote any time but first senator mcconnell needs to stop filibustering his own legislation rhode island now speaker boehner and minority leader mcconnell are the only thing standing between congress and compromise. it's time for them to prove to american families that they're more interested in protecting the medal class than pleasing the tea party. mr. president, on another subject, i rise to honor our colleague, the senior senator from nebraska, ben nelson, upon his retirement from the united states senate, to become effective after the first of the year. for 12 years senator nelson has been a valued member of the democratic caucus and an exemplary senator for nebraska and the country. but his life in public service leads
different groups to the white house to talk to the president's economic advisers. related to the fiscal cliff, the last eight or nine meetings. and business leaders representing 32 states we have brought to the white house. the message they're getting is pretty consistent with simpson- bowles and with fixing the debt and with how the business relationship is characterized in the media. they're anxious for debt deal, because they want certainty as quickly as possible. they tend to use simpson-bowles as their frame of reference. the question is not whether it's the democratic or republican plan is better, is which plan is closer to simpson-bowles. host: here is the hill newspaper -- guest: well, [indiscernible] what we do is bring business leaders from around the country to brief the president and his economic team, on health care reform to immigration reform, the fiscal cliff, intellectual property protection. and the business leaders are speaking for themselves. generally speaking, business leaders are centrists, data driven, results oriented. they are looking for compromise in washingt
Search Results 0 to 22 of about 23 (some duplicates have been removed)